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XLKI vs. SMH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XLKI vs. SMH

Last updated Jun 24, 2026

XLKI (State Street Technology Select Sector SPDR Premium Income ETF) and SMH (VanEck Semiconductor ETF) are both exchange-traded funds - XLKI is a Technology Equities fund actively managed by State Street, while SMH is a Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. XLKI is actively managed, while SMH is passively managed. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.35% expense ratio.

Performance

XLKI vs. SMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Technology Select Sector SPDR Premium Income ETF (XLKI) and VanEck Semiconductor ETF (SMH). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XLKI achieves a 13.50% return, which is significantly lower than SMH's 72.73% return.

XLKI

1D
-2.85%
1M
-1.72%
YTD
13.50%
6M
13.18%
1Y
—
3Y*
—
5Y*
—
10Y*
—

SMH

1D
-7.01%
1M
7.93%
YTD
72.73%
6M
71.29%
1Y
138.23%
3Y*
62.28%
5Y*
38.18%
10Y*
37.85%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XLKI vs. SMH - Yearly Performance Comparison

2026 (YTD)2025
XLKI
State Street Technology Select Sector SPDR Premium Income ETF		13.50%10.02%
SMH
VanEck Semiconductor ETF		72.73%23.34%

Correlation

The correlation between XLKI and SMH is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (All Time)
Calculated using the full available price history since Jul 30, 2025

0.85

XLKI vs. SMH - Sectors Allocation Comparison

Sectors
XLKI
SMH

Financial Services

106.8%

-

Technology

99.0%
100.0%

Communication Services

1.0%

-

Basic Materials

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Utilities

-

-

Financial Services

XLKI
106.8%
SMH

-

Technology

XLKI
99.0%
SMH
100.0%

Communication Services

XLKI
1.0%
SMH

-

Basic Materials

XLKI

-

SMH

-

Consumer Cyclical

XLKI

-

SMH

-

Consumer Defensive

XLKI

-

SMH

-

Energy

XLKI

-

SMH

-

Healthcare

XLKI

-

SMH

-

Industrials

XLKI

-

SMH

-

Real Estate

XLKI

-

SMH

-

Utilities

XLKI

-

SMH

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

State Street Technology Select Sector SPDR Premium Income ETF

VanEck Semiconductor ETF

Often compared with XLKI:
XLKI vs. XLKXLKI vs. RSPTXLKI vs. QQQXLKI vs. KQQQXLKI vs. ASMHXLKI vs. ARMHXLKI vs. MAGS
Often compared with SMH:
SMH vs. SOXXSMH vs. QQQSMH vs. VGTSMH vs. FSELXSMH vs. SPYSMH vs. SMHXSMH vs. XLK

Return for Risk

XLKI vs. SMH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XLKI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SMH
SMH Risk / Return Rank: 9494
Overall Rank
SMH Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
SMH Sortino Ratio Rank: 9191
Sortino Ratio Rank
SMH Omega Ratio Rank: 9292
Omega Ratio Rank
SMH Calmar Ratio Rank: 9797
Calmar Ratio Rank
SMH Martin Ratio Rank: 9696
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XLKI vs. SMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Technology Select Sector SPDR Premium Income ETF (XLKI) and VanEck Semiconductor ETF (SMH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

XLKISMHDifference
Sharpe ratioReturn per unit of total volatility

—

3.99

—

Sortino ratioReturn per unit of downside risk

—

4.05

—

Omega ratioGain probability vs. loss probability

—

1.58

—

Calmar ratioReturn relative to maximum drawdown

—

9.31

—

Martin ratioReturn relative to average drawdown

—

33.88

—

XLKI vs. SMH - Sharpe Ratio Comparison

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Drawdowns

XLKI vs. SMH - Drawdown Comparison

The maximum XLKI drawdown since its inception was -10.24%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for XLKI and SMH.

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Drawdown Indicators

XLKISMHDifference

Max Drawdown

Largest peak-to-trough decline

-10.24%

-84.96%

+74.72%

Max Drawdown (1Y)

Largest decline over 1 year

—

-14.93%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-35.74%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-45.30%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-45.30%

—

Current Drawdown

Current decline from peak

-4.34%

-7.01%

+2.67%

Average Drawdown

Average peak-to-trough decline

-1.76%

-41.01%

+39.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

4.10%

—

Volatility

XLKI vs. SMH - Volatility Comparison

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Volatility by Period

XLKISMHDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

19.08%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

29.18%

—

Volatility (1Y)

Calculated over the trailing 1-year period

18.48%

34.87%

-16.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.48%

35.83%

-17.35%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.48%

32.97%

-14.49%

XLKI vs. SMH - Expense Ratio Comparison

Both XLKI and SMH have an expense ratio of 0.35%.

Dividends

XLKI vs. SMH - Dividend Comparison

XLKI's dividend yield for the trailing twelve months is around 14.74%, more than SMH's 0.18% yield.

PositionTTM20252024202320222021202020192018201720162015
SMH
VanEck Semiconductor ETF		0.18%0.31%0.44%0.60%1.18%0.51%0.69%1.50%1.88%1.43%0.80%2.14%
XLKI
State Street Technology Select Sector SPDR Premium Income ETF		14.74%8.52%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

XLKI and SMH have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

XLKI and SMH have the same expense ratio: 0.35% per year.

XLKI has the higher dividend yield at 14.74%, compared with 0.18% for SMH.

XLKI is categorized as Technology Equities, while SMH is Semiconductors. They also come from different issuers: State Street and VanEck.

Portfolio Optimizer

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